Realty firm Gaursons is investing Rs 750 crore to develop a shopping mall in Noida Extension to tap business opportunities in commercial real estate which is doing well despite overall slowdown in the property market.

This shopping mall, with 7.5 lakh square feet of retail space, is expected to open by March next year, Gaursons Managing Director Manoj Gaur said.

Gaursons is developing a 240-acre township 'Gaur City' with an investment of Rs 5,000 crore and this mall will be part of this integrated project catering to 25,000 families.

"There is currently no shopping mall in this area. We are soon going to fulfil this gap," Gaur said, adding that the company will be leasing the retail space in the mall that also houses a 9-screen superplex.

Gaur, who is also Vice-President of CREDAI-National, said the project cost of this mall is Rs 750 crore to be funded through internal accruals and bank loans.